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dmbao

05/16/11 12:35 PM

#999 RE: ed3/6me #998

That was the production for a month!

You can research the O&G production for Cressent here. The actual producer is Utility Ventures which is a subsidiary of Cressent. There is alot of information regarding Cressent on the KING page on ihub.

http://www.rrc.state.tx.us/

So basically the PR's are telling you that Cressent is going to increase production 200 fold?? When Cressent R/M with KING in December it claimed it was going to increase production 70 fold. Instead production fell over the past few months to 1 barrel a day?

I am just trying to provide due diligence, CHAG an small O&G company also in Texas has over a million in production, a million or more in cash and is fully reporting OTC:BB stopck and has a market cap of 4 million, where FOGC via Cressent has production annualized at $45,000 and no cash and a pink sheet yet is valued at 15 times CHAG?

dmbao

05/16/11 12:44 PM

#1001 RE: ed3/6me #998

I just checked the Texas RR site. Production is only updated through January. Cressents wells which are in the name of Utility Ventures are in District 3 & 9.

District 3 9
Dec '10 10bbls 29bbls
Jan '11 23bbls 29bbls